BYD sold record-breaking 504,804 passenger EVs in November, up 67%

BYD sold 504,003 passenger EVs in November, up 67.2% from 301,378 units last year and 0.7% from the previous October.

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In 2024 (January to November), BYD sold 3,740,930 electric passenger vehicles, up 40.0% from the same period last year. BYD’s official target is to deliver 3.6 million vehicles in 2024. The company denied it internally raised the target to 4 million units in September.

The released sales data shows new energy vehicles (NEVs), which are Chinese terms for all-electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs). Specifically, it also includes FCEVs (hydrogen), but those sales are almost non-existent in China, and BYD doesn’t sell any FCEVs. BYD ceased sales of entirely ICE cars in April 2022.

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BYD’s overseas sales of new energy passenger vehicles reached 30,977 units in November, and the company claims that 28,141 units have already been exported.

BYD’s EV and energy storage battery installations totaled approximately 22.47 GWh, bringing the cumulative installed capacity in 2024 to about 171.21 GWh.

Sales vs production

To sum it up, BYD sold 506,804 vehicles in October, including:

• Sales
  • Total NEVs: 506,804 units
  • Passenger NEVs: 504,003 units
    • BEVs: 198,065 units
    • PHEVs: 305,938 units
  • Commercial NEVs: 2,801 units
  • Buses: 449 units
  • Others: 2,352 units
• Production
  • Total NEVs: 540,588 units
  • Passenger NEVs: 536,926 units
    • BEVs: 208,859 units
    • PHEVs: 328,067 units
  • Commercial NEVs: 3,662 units
  • Buses: 449 units
  • Others: 3,213 units